1st Source to build new bank in Valpo
1st Source Bank announced plans to demolish its current facility at Vale Park Road and Calumet Avenue in Valparaiso and construct a new, state-of-the-art bank in its place. Construction is expected to be completed this summer, offering modern features such as side-by-side banking, a coffee station, internet access, a children's area, and drive-through access. A temporary location and ATM will be available nearby during the construction period.
1ST Source Bank Decreases Holdings in Eli Lilly and Company $LLY
1ST Source Bank reduced its stake in Eli Lilly and Company (LLY) by 5.1% in the fourth quarter, selling 1,697 shares and ending with 31,658 shares valued at approximately $34.0 million. Despite this reduction, Eli Lilly continues to hold a "Moderate Buy" consensus rating from analysts with an average price target of $1,218.33, reflecting strong Wall Street attention. The company also reported robust quarterly earnings, exceeding analyst estimates with $8.55 EPS on $19.8 billion in revenue, and declared a quarterly dividend of $1.73 per share.
1st Source Corp stock (US85369F1012): Regional bank reports steady performance amid US market shifts
1st Source Corp, a regional bank based in northern Indiana, maintains a strong presence in the US Midwest banking sector, focusing on commercial and consumer clients. The company reported resilient financial results for 2025, with steady performance in deposits and loans despite interest rate pressures. This makes it a key player for investors interested in regional financials and exposure to the Midwest economy.
D.A. Davidson Maintains 1st Source Corp.(SRCE.US) With Hold Rating, Maintains Target Price $74
D.A. Davidson has reiterated its Hold rating on 1st Source Corp. (SRCE.US), keeping the target price at $74. This indicates the firm's continued assessment of the company's stock value.
1st Source Makes KBW Bank Honor Roll For Eighth Consecutive Year
1st Source Bank has been named to the KBW Bank Honor Roll for the eighth consecutive year, one of only 17 U.S. banks recognized. The bank was honored for demonstrating consistent earnings growth over the past decade, a testament to its mission of helping clients and communities. CEO Andrea Short highlighted that this recognition affirms 1st Source's commitment to strong financial performance through client and community investment.
1st Source Makes KBW Bank Honor Roll For Eighth Consecutive Year
1st Source Bank has been named to the annual KBW Bank Honor Roll for the eighth consecutive year, one of only 17 U.S. banks recognized. This honor from Keefe, Bruyette & Woods, Inc. highlights 1st Source's consistent earnings growth over the past decade. CEO Andrea Short emphasized that this recognition validates the bank's mission of helping clients and communities, which in turn leads to strong financial performance.
1st Source Makes KBW Bank Honor Roll for 8th Consecutive Year
1st Source has been recognized by Keefe, Bruyette & Woods (KBW) on its annual Bank Honor Roll for the eighth consecutive year. The company was one of 17 U.S. banks noted for consistent earnings growth over the past decade, meeting criteria that include having over $500 million in total assets. Andrea Short, CEO of 1st Source Bank, stated that this recognition affirms the company's mission and commitment to clients, communities, and shareholders.
1st Source Makes KBW Bank Honor Roll for 8th Consecutive Year
1st Source (NASDAQ: SRCE) has been named to the KBW Bank Honor Roll for the eighth consecutive year, one of only 17 U.S. banks recognized for consistent earnings growth. The bank met the criteria of having over $500 million in assets and demonstrating consistent earnings growth for the past ten years. CEO Andrea Short affirmed that this recognition highlights how the bank's mission to help clients achieves security, builds wealth, and realizes dreams, aligns with strong financial performance and value creation for stakeholders.
1st Source Corporation Makes KBW Bank Honor Roll for Eighth Consecutive Year
1st Source Corporation has been recognized on the KBW Bank Honor Roll for the eighth consecutive year, a testament to its consistent financial performance. To achieve this honor, banks must demonstrate ten consecutive years of earnings per share growth. This continued inclusion highlights 1st Source's sustained financial success over the last decade.
Only 17 U.S. banks made KBW's list — 1st Source did it again
1st Source (NASDAQ: SRCE) has been named to the KBW Bank Honor Roll for the eighth consecutive year, a distinction shared by only 17 U.S. banks. This recognition is based on consistent 10-year earnings growth. The company, with $9.1 billion in assets, emphasizes its mission of "Helping Clients Achieve Security, Build Wealth And Realize Their Dreams" as a driver of its strong financial performance.
What 1st Source (SRCE)'s Earnings Beat, Dividend Hike and Buybacks Mean For Shareholders
1st Source Corporation (SRCE) reported strong first-quarter 2026 results, with increased net interest income and net income, leading to a dividend hike to US$0.43 per share and the completion of a US$37.09 million share repurchase program. While these actions emphasize shareholder returns, a sharp rise in net charge-offs to US$3.96 million introduces credit quality as a near-term risk. The market is currently focused on improved earnings and capital returns, but investors should monitor the stabilization or increase of credit costs.
What 1st Source (SRCE)'s Earnings Beat, Dividend Hike and Buybacks Mean For Shareholders
1st Source Corporation reported a strong first quarter in 2026 with increased net interest income and net income, alongside a dividend hike to US$0.43 per share and the completion of a US$37.09 million share repurchase program. While these actions indicate a focus on shareholder returns, a sharp rise in net charge-offs to US$3.96 million highlights evolving credit risk. Investors are now closely monitoring whether these credit costs stabilize or continue to increase, despite the positive earnings and capital returns driving the stock price up year-to-date.
A Look At 1st Source (SRCE) Valuation After Q1 Results And Dividend Increase
1st Source (SRCE) recently reported strong Q1 2026 results, showing higher net interest income and net income, alongside a dividend increase. Despite a rise in net charge-offs, the stock has seen positive year-to-date and one-year returns. The article discusses its valuation, noting that SRCE trades at a P/E of 11x, which is slightly cheaper than peers, and highlights a significant 42% discount to its estimated intrinsic value according to Simply Wall St's DCF model.
1st Source Corp. To Go Ex-Dividend On May 5th, 2026 With 0.43 USD Dividend Per Share
1st Source Corp. (NASDAQ:SRCE) is scheduled to go ex-dividend on May 5th, 2026, with a dividend payment of $0.43 per share. This information is crucial for investors as it indicates the last day they can buy the stock to be eligible for the upcoming dividend.
1st Source investor presentation outlines strong Q1 2026 loan growth, capital, and renewable portfolio
1st Source (SRCE) presented its Q1 2026 results, showcasing significant loan growth to $7.09 billion and robust capital and liquidity. The bank also highlighted its substantial involvement in renewable energy financing, with over $713 million in loans/leases and $207 million in tax equity investments. For Q1 2026, the company reported a net income of $40 million and diluted EPS of $1.63.
Is It Smart To Buy 1st Source Corporation (NASDAQ:SRCE) Before It Goes Ex-Dividend?
1st Source Corporation (NASDAQ:SRCE) is set to go ex-dividend in the next four days, offering a trailing yield of 2.4% with payments of US$0.43 per share. The company demonstrates strong dividend sustainability, paying out only 25% of its profits, and has shown solid earnings per share growth of 16% annually over the last five years, alongside a 10% annual dividend increase over the past decade. This combination of rapid growth and low payout suggests it's a promising dividend stock for long-term investors.
1st Source Corporation (NASDAQ:SRCE) Short Interest Up 24.3% in April
Short interest in 1st Source Corporation (NASDAQ:SRCE) increased by 24.3% in April, reaching 481,911 shares, representing about 2.5% of the float. The company recently increased its quarterly dividend to $0.43 per share, offering a 2.3% yield. Analysts maintain a "Moderate Buy" consensus rating with an average target price of $77.00.
1st Source (Nasdaq:SRCE) - Stock Analysis
1st Source Corporation (SRCE) is currently trading 42.7% below its estimated fair value. The company has shown consistent earnings growth and pays a reliable dividend of 2.37%. Recent updates include a price target increase and the announcement of a quarterly dividend of US$0.43.
Gift of 13,700 1st Source (SRCE) shares from spouse account
1st Source Corp Executive Chairman Christopher J. Murphy III reported an indirect bona fide gift of 13,700 shares of common stock from a spouse-held account. After this gift, the indirect account maintained 2,513,812 shares. Murphy disclaims beneficial ownership beyond his pecuniary interest for several indirect holdings.
Assessing 1st Source (SRCE) Valuation After Recent Share Price Pullbacks And Longer Term Gains
1st Source (SRCE) has experienced short-term share price pullbacks but stronger long-term gains, leading to a mixed valuation perspective. While its P/E ratio of 11.1x appears slightly expensive compared to its own estimated fair P/E, it is lower than industry peers, suggesting it's "about right" based on this metric. However, a discounted cash flow (DCF) model indicates the stock is significantly undervalued, trading at a substantial discount to its estimated future cash flow value.
1ST SOURCE EV-to-Revenue: 4.44 — Near Median
1st Source Corp (SRCE) has an EV-to-Revenue ratio of 4.44 as of April 26, 2026, which is 8% above its 10-year median but considered "near median" for its historical range. GuruFocus rates SRCE as "Fairly Valued" with a GF Score of 82/100, despite trading slightly above its estimated GF Value. The company's EV-to-Revenue is higher than the Banks industry median, placing it in the lower half of its industry peers.
1st Source (SRCE) Misses Q1 Earnings Estimates
1st Source (SRCE) reported Q1 earnings of $1.63 per share, missing the Zacks Consensus Estimate of $1.64 per share. Despite the earnings miss, the company's revenue of $113.14 million surpassed estimates, and its shares have gained 17.1% year-to-date. The stock currently holds a Zacks Rank #2 (Buy), indicating expected outperformance in the near future.
1st Source Corp. To Go Ex-Dividend On May 5th, 2026 With 0.43 USD Dividend Per Share
1st Source Corp. (NASDAQ:SRCE) has announced it will go ex-dividend on May 5th, 2026. The company will pay a dividend of 0.43 USD per share. This information is crucial for investors as they need to own the stock before the ex-dividend date to be eligible for the payment.
1st Source (SRCE) Net Interest Margin Strengthens To 4.25% Challenging Credit Risk Concerns
1st Source (SRCE) reported strong Q1 2026 results with a net interest margin increasing to 4.25% and basic EPS of US$1.65, demonstrating expanding profitability. However, the company faces rising non-performing loans, moving from US$30.7 million in Q4 2024 to US$72.1 million in Q1 2026, which introduces concerns about credit risk and balance sheet resilience. Despite these concerns, SRCE shares trade at a P/E of 11x, below peer and industry averages, with a significant DCF fair value gap suggesting potential undervaluation.
1st Source (SRCE) shareholders back incentive plan share increases and ratify Forvis Mazars
1st Source Corporation shareholders approved significant amendments to its equity and incentive compensation plans, reserving 1,250,000 shares for the Executive Incentive Plan, 100,000 for the Strategic Deployment Incentive Plan, and increasing the Restricted Stock Award Plan to 500,000 shares. Additionally, shareholders elected four directors, provided advisory approval for executive compensation, and ratified Forvis Mazars, LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026. These actions were taken at the company's annual meeting on April 23, 2026.
What 1st Source (SRCE)'s Stronger Q1 2026 Earnings and Net Interest Income Means For Shareholders
1st Source Corporation reported stronger Q1 2026 earnings, with net interest income of US$90.14 million and net income of US$39.96 million, both up year-over-year. This performance reinforces the bank's conservative, consistent investment narrative, though questions remain about profit sustainability given potential credit tightening or rising funding costs. Despite recent share price increases, the stock is still considered potentially undervalued by 44%.
1st Source Corporation (NASDAQ:SRCE) Declares Quarterly Dividend of $0.43
1st Source Corporation (NASDAQ:SRCE) has declared an increased quarterly dividend of $0.43 per share, representing a 7.5% raise from its previous dividend. This marks the 38th consecutive year the company has increased its dividend, and it maintains a low payout ratio of 26.9%, suggesting strong sustainability. The financial services provider also reported quarterly earnings that met EPS estimates and exceeded revenue expectations.
What 1st Source (SRCE)'s Stronger Q1 2026 Earnings and Net Interest Income Means For Shareholders
1st Source Corporation reported stronger first-quarter 2026 results, with net interest income of US$90.14 million and net income of US$39.96 million, both showing increases year-over-year. These results reinforce the bank's strategy of converting steady net interest income into consistent earnings and supporting a growing dividend. While the stock has risen, the article notes that investors still consider the sustainability of profitability given potential credit condition changes or rising funding costs, and different fair value estimates exist within the investment community.
1st Source (NASDAQ:SRCE) Posts Better-Than-Expected Sales In Q1 CY2026
1st Source (NASDAQ:SRCE) reported better-than-expected sales in Q1 CY2026, with revenue up 8.6% year-on-year to $113.1 million, exceeding analyst estimates. The regional banking company's non-GAAP profit was in line with expectations, though its tangible book value per share missed estimates. Despite some mixed results, the company's net interest income beat expectations, and its revenue growth rate has accelerated in recent years.
1st Source (NASDAQ:SRCE) Posts Better-Than-Expected Sales In Q1 CY2026
1st Source (NASDAQ:SRCE) reported Q1 CY2026 results that surpassed market revenue expectations, with sales growing 8.6% year-on-year to $113.1 million. The company's non-GAAP profit was in line with analyst estimates, though its tangible book value per share missed projections. Despite mixed results, the company's net interest income beat analyst expectations, and its revenue narrowly outperformed Wall Street estimates, leading to a flat stock performance immediately after the report.
1st Source (NASDAQ:SRCE) Announces Earnings Results
1st Source (NASDAQ:SRCE) reported its quarterly earnings, with an EPS of $1.63, missing the consensus estimate by $0.01, though revenue of $113.14 million exceeded expectations. The company announced an increase in its quarterly dividend to $0.43 per share, representing a 2.3% yield. Analysts currently give the stock a "Moderate Buy" rating with a consensus target price of $75.33.
1st Source Releases Q1 2026 Financial Results
1st Source Corporation reported a 7.2% increase in diluted earnings per share for Q1 2026, reaching $1.63, with net income of $39.96M. The bank holding company, operating through 1st Source Bank, saw average loans and leases hit $7.02B as it continued to expand its core lending operations and diversified business model. Wall Street analysts generally hold a positive outlook on the stock, reflecting the resilience of regional lenders.
1st Source Bank opens loan production office in Lake County
1st Source Bank, based in South Bend, is expanding its presence westward by opening a new loan production office in Crown Point, Lake County, Indiana. The office, located at 9800 Connecticut Drive, will offer commercial lending, deposit, treasury, and other commercial credit services, operating by appointment only. This strategic expansion aims to serve clients in a new market and extend the bank's commercial banking offerings across Northwest Indiana.
1st Source Reports Q1 Net Income $39.96M; Diluted EPS $1.63, Dividend Raised to $0.43
1st Source reported a Q1 2026 net income of $39.96 million, with diluted EPS at $1.63. The company's board approved an increase in the quarterly cash dividend to $0.43 per common share, and 338,356 shares were repurchased. Average loans and leases saw year-over-year growth, while average deposits declined compared to the prior year.
Record Q1 2026 for 1st Source (NASDAQ: SRCE) as profit rises and dividend increases
1st Source Corporation reported record first quarter 2026 results, with net income rising 6.49% year-over-year to $39.96 million and diluted EPS reaching $1.63. The company's board approved a 13.16% increase in the quarterly cash dividend to $0.43 per share, and 1st Source repurchased 338,356 shares. While credit costs rose due to specific auto and light truck accounts, the company maintained strong capital ratios and expanded its net interest margin.
1st Source Corporation Reports Record First Quarter Results, Increased Cash Dividend Declared
1st Source Corporation announced record first-quarter results for 2026, with net income rising to $39.96 million, a 6.49% increase from the previous year. The company's Board of Directors approved a cash dividend increase to $0.43 per common share. President and CEO Andrea G. Short highlighted a strong balance sheet, loan growth, and national recognition, including being named to Forbes' America's Best Banks list for the third consecutive year and America's Best Midsize Employers list.
Boston Trust Walden Corp Sells 22,654 Shares of 1st Source Corporation $SRCE
Boston Trust Walden Corp has reduced its stake in 1st Source Corporation (NASDAQ:SRCE) by 5.7%, selling 22,654 shares and now holding 372,082 shares valued at $23.25 million. Despite this, institutional investors collectively own 74.45% of the company's stock, with several other funds increasing or initiating positions. Analysts maintain a "Moderate Buy" rating with a consensus price target of $75.33, following recent upgrades and price objective increases from firms like Piper Sandler and Weiss Ratings.
1st Source: Q1 Earnings Snapshot
1st Source Corp. (SRCE) announced its first-quarter earnings, reporting net income of $40 million. The company achieved earnings of $1.63 per share and posted revenue of $149.1 million, with revenue net of interest expense at $113.1 million, exceeding Street forecasts.
1st Source: Q1 Earnings Snapshot
1st Source Corp. reported a net income of $40 million in its first quarter, with earnings of $1.63 per share. The South Bend, Indiana-based bank's holding company posted revenue of $149.1 million and revenue net of interest expense of $113.1 million, exceeding Street forecasts. This financial news was generated by Automated Insights using data from Zacks Investment Research.
1st Source Corp. Hits New 52-Week High of $75.41, Reflecting Strong Growth
1st Source Corp. has reached a new 52-week high of $75.41, marking a significant 50.75% increase over the past year, outperforming the S&P 500. The regional banking company boasts a market capitalization of $1,887 million, a P/E ratio of 12.00, and a solid return on equity of 12.36%. Its conservative debt-to-equity ratio of 0.00 further highlights its strong financial health.
1st Source Corp stock (US85369F1012): Why does its regional banking model matter more now for steady returns?
1st Source Corp (US85369F1012) offers a stable investment opportunity through its regional banking model focused on commercial and trust services in the Midwest. The company emphasizes relationship-driven services and conservative financial practices, making it a defensive pick for investors seeking steady returns amidst market volatility. Its specialized lending in niche sectors and commitment to local markets differentiate it from larger national banks, appealing to those prioritizing stability and moderate growth.
1st Source (NASDAQ:SRCE) Hits New 1-Year High - Time to Buy?
1st Source (NASDAQ:SRCE) recently hit a new 52-week high of $75.43, with a "Moderate Buy" consensus from MarketBeat and an average target price of $75.33. The company exhibits strong fundamentals, including a market cap of $1.82 billion, a P/E of 11.65, and a quarterly dividend of $0.40, indicating a 2.1% yield. Institutional ownership is high at 74.45%, with notable firms increasing their positions.
A Look At 1st Source (SRCE) Valuation After Recent Share Price Momentum
1st Source (SRCE) has seen significant share price momentum recently, with a one-month return of 8.14% and a 35.85% one-year total shareholder return. Despite this, the company's P/E ratio of 11.3x is below its peer average, suggesting it might be undervalued. A Discounted Cash Flow (DCF) model by Simply Wall St estimates the fair value of SRCE shares at $135.99, indicating a potential 46.7% discount from its current trading price of $72.54.
1st Source (SRCE) Expected to Announce Quarterly Earnings
1st Source (NASDAQ:SRCE) is set to release its Q1 2026 earnings results before market open on Thursday, April 23rd. Analysts anticipate earnings of $1.63 per share and revenue of $111.8760 million. The report will offer insights into the regional economy of northern Indiana and southwestern Michigan, focusing on the bank's lending activities, credit quality, and overall financial performance.
1st Source (SRCE) Expected to Announce Quarterly Earnings on Thursday
1st Source (SRCE) is projected to release its Q1 2026 earnings before market open on Thursday, April 23rd, with analysts anticipating earnings of $1.63 per share and revenue of $111.8760 million. The company previously reported $1.67 EPS and $115.39 million in revenue for its last quarter. Institutional investors have significantly altered their holdings, and several analysts have recently updated their ratings and price targets for the stock.
1st Source earnings test: Can loan growth offset margin pressure?
1st Source Corporation is set to report its first-quarter earnings, with analysts expecting EPS of $1.63 and revenue of $112.01 million. Investors will be closely watching net interest income guidance and loan growth, especially within its specialty finance operations, to see if the bank can maintain profitability despite potential margin pressures. The company has a strong track record, including 38 years of dividend growth, and its diversified model will be key to sustaining earnings amidst a changing interest-rate environment.
All You Need to Know About 1st Source (SRCE) Rating Upgrade to Buy
1st Source (SRCE) has received an upgrade to a Zacks Rank #2 (Buy), driven by a positive trend in earnings estimates. This upgrade suggests an improved earnings outlook for the company, which could favorably impact its stock price. The Zacks Rank system, based on earnings estimate revisions, has historically proven to be a strong indicator of near-term stock movements, making SRCE a solid candidate for potential market-beating returns.
Small-Cap Stock Picks: Sell Neogen, Consider Axos & 1st Source - News and Statistics
StockStory analysis recommends selling Neogen due to declining sales and shrinking returns, despite its $2.05 billion market valuation. Conversely, Axos Financial and 1st Source Corporation are identified as potential buys. Axos is highlighted for its sustained net interest income growth, strong net interest margin, and share repurchases, while 1st Source, a regional bank with a long history, is noted for its commercial and wealth management services.
1st Source Corp. Experiences Revision in Stock Evaluation Amid Positive Market Dynamics
1st Source Corp., a regional banking entity, has seen its stock price increase to $74.41, outperforming the S&P 500 over various time frames. Technical indicators generally signal a positive outlook, with bullish trends noted on weekly and monthly bases for MACD and Bollinger Bands. The company's resilience and competitive standing in the regional banking industry are highlighted by its 19.08% year-to-date return, compared to the S&P 500's slight decline.
1st Source : Market Volatility, Recovery, and the Cost of Timing the Market
1st Source Bank's Chief Investment Officer Paul Gifford and Matt Lowe discuss how market volatility is a normal part of investing, with frequent pullbacks and often rapid recoveries. They emphasize that attempting to time the market by selling during downturns can significantly diminish long-term returns. The article advises investors to remain disciplined, focused on long-term goals, and employ strategies like portfolio rebalancing and tax-loss harvesting rather than reacting emotionally to market swings.
